TheCryptagon

TheCryptagon

The GBPUSD pair hit Resistance Zone A and is consolidating. Sign of selling accumulation. The 4hour RSI is on the Overbought limit, therefore a pullback is expected to normalize this effect. Support Zone A is the strongest call as the 4hour MA50 will also enter it by tomorrow. Buy and set a long term Target at 1.2400. Follow us, like the idea and leave a...

TheCryptagon

XAUUSD will form tomorrow the first 4hour Golden Cross since November 10th 2022. The 4H RSI was castly overbought so expect a pullback to normalize this state. A -2.60% decline as on March 8th, contacts Fibonacci 0.382 as well as the 4hour MA50. Target of next bull wave = 1960. Previous chart: Follow us, like the idea and leave a comment below!!

TheCryptagon

Last week's target on EURUSD is achieved. Using the Pitchfork tool, we see the zone the price currently trades in. That gives a direct 1.08350 Target on Fibonacci 0.618. The 4hour RSI is slightly under the overbough limit so we can't rule out a pullback to the 4hour MA50 and the bottom of the Pitchfork first, but the 1.08350 Target remains. Previous chart: ...

TheCryptagon

Nasdaq's Channel Down not only hit the Channel Down's bottom but also the 1day MA100. Major Double Support here. The 4hour MA50 is resisting but we are still halfway a +4.60% rise so there is still room to buy this wave. Our Target is 12200 (top of Channel Down). Follow us, like the idea and leave a comment below!!

TheCryptagon

Dow Jones hit the bottom of the Channel Down and is immediately reacting with a rebound. The price also closed above Support B. The RSI missed the oversold level by a narrow margin and this is identical with the September 27th market bottom. Our medium term target is 33450 (Top of Channel Donwn and on top of the Harmonic Resistance). Follow us, like the idea...

TheCryptagon

S&P500 hit the exact bottom of the long term Channel Up pattern and remains under the 4hour MA50. This is an instant buy opportunity technically. The 4hour RSI double bottomed. This price action looks very much like the previous Channel Lows of December and October. We buy on the current market price. A crossing above the 4hour MA50 confirms it. Target 1 is...

TheCryptagon

The long term pattern on DAX is a Bullish Megaphone. Since February though it has been trading inside a Rectangle pattern, offering buy low / sell high opportunities. Rectangle trade is a buy with Target 1 = 15700. Megaphone trade is a buy over Resistance A with Target 2 = 16280.

TheCryptagon

WTI Oil almost hit the bottom zone of the Triangle and is rebounding. There is still some more room to decline but on a 1/2 RR ratio you can take that buy and target 79.50. RSI supported on Higher Lows. Previous chart: Follow us, like the idea and leave a comment below!!

TheCryptagon

EURUSD is rising after making a Double Bottom around 1.05265 and the 1day MA100. We have a potential W-shaped recovery forming, off an oversold 4hour RSI. Even though there are several Resistance levels in the way, including the 4hour MA50 and MA200 levels, are Target is 1.07800, straight the W-shaped recovery completion. Follow us, like the idea and leave a...

TheCryptagon

Strong 1D candle for Gold today, still some way off the 1day MA50. The rebound was achieved on the 1day MA100. There are strong similarities between February-March and August-October as you see. The rising RSI validates that the pattern is on the Double Bottom pricing. One last drop for a Triple Bottom is possible. Perfect time to buy and Target Fibonacci 0.786...

TheCryptagon

WTI Crude Oil closed yesterday under the 1day MA50 and inside this long term Triangle pattern, turned bearish, aiming at its bottom. The RSI's Rectangle shows where to take profit (on its bottom), with our projection giving a 74.50 Target. That is over the 0.786 Fibonacci and the botom zone of the Triangle. Follow us, like the idea and leave a comment below!!

TheCryptagon

The S&P500 index may have been rejected yesterday following Powell's testimony on a possible need for stronger rate hikes but technically it has reached a level and formed a certain pattern that since the October Channel Up started, it has appeared 4 timed with a 100% success rate for rebounding to a Higher High. The Rising Support on the RSI is common on all...

TheCryptagon

EVERUSD/ Everscale tested and held its 1day MA50, a strong sign of buyer Support. The 1day RSI is forming a Bull Flag pattern. If broken upwards, it will be the final buy confirmation. Target A is the 0.786 Fibonacci at 0.2000 and Target B the market high of 0.39000. Follow us, like the idea and leave a comment below!!

TheCryptagon

ACSUSDT/ Access Protocol is on an extremely bullish rally, having crossed over Fibonacci 0.5. As the 4hour RSI is supported by its MA period, you should be preparing the next buy entries. Target the 0.618 Fibonacci at 0.0200. Follow us, like the idea and leave a comment below!!

TheCryptagon

The EURUSD crossed over the Falling Resistance of 2009 in January and though it got rejected on the 1week MA100, the 1month MACD made a Bull Cross. 4 out of 5 Bull Crosses since 2009, extended the initial rallies. The closer long term Resistance for the pair is the Falling Resistance of February 2018. We target below it at 1.1900 by the end of the year. Follow...

TheCryptagon

GMXUSD is inside a Channel Up with very straightforward increase and decline ranges. So far both increases have been 137% on average. The price is now on the 1day MA50 but it is the next drop that will approach the bottom of the Channel Up and create that buy opportunity. Aim for a new +137% increase at 130.00. Follow us, like the idea and leave a comment below!!

TheCryptagon

MANAUSD/ Decentraland is inside a Falling Wedge pattern, which after January's rally looks more like a Bull Flag. Typically Falling Wedges break upwards, it is the inverse of what happened with the Rising Wedge of mid August. Target Resistance A (0.8450) and Resistance B (1.1280). Follow us, like the idea and leave a comment below!!

TheCryptagon

We have Bitcoin on the left and the S&P500 on the right. Bitcoin is getting rejected on the 1week MA50, while the S&P500 is trading between the 1week MA50 and 1week MA100. This is a clear sign that Bitcoin is lagging behind the major stock index and that it remains undervalued relative to the rest of the market. Therefore, Bitcoin's potential on a 2 month...